FAQs
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FAQs
What is an off-plan property?
An off-plan property is a unit purchased directly from a developer before it’s built or completed. Buyers invest based on floor plans, brochures, and show units.
Is it safe to buy off-plan in Dubai?
Yes—if you buy from a reputable developer registered with the Dubai Land Department (DLD) and RERA. Dubai has strong regulations protecting off-plan buyers, including escrow account requirements.
What are the benefits of buying off-plan?
• Lower prices compared to ready units
• Flexible payment plans
• Potential capital appreciation by the time of completion
• Opportunity to buy in high-demand projects before they sell out
What are the risks of buying off-plan?
• Project delays or cancellations (though rare with top developers)
• Market fluctuations
• Potential changes to final specifications
How do payment plans work?
Most developers offer structured payment plans (e.g., 60/40 or 70/30), sometimes with a portion due post-handover. Payments are typically linked to construction milestones.
Can foreigners buy off-plan property in Dubai?
Yes. Foreigners can buy freehold off-plan properties in designated areas. There are no residency or nationality restrictions in those zones.
Do I need to pay the full amount upfront?
No. You usually pay a small booking fee (10–20%) followed by installments over the construction period. Final payments can be due at handover or even after.
Will I get a residence visa with my off-plan purchase?
A property visa is typically available only after handover, once the property is completed and registered under your name with a minimum value (currently AED 750,000 for a 2-year visa; AED 2 million for a 10-year Golden Visa).
How do I know the developer is trustworthy?
Check the developer’s track record, reviews, completed projects, and if their project is registered with the DLD. Avoid unregistered developers or deals outside of escrow.
Can I resell an off-plan property before it’s completed?
Yes, through the Oqood system, but developers may have restrictions (like a minimum percentage paid before resale). Many investors profit by flipping off-plan units before handover.